Daily Market Report
➢ De-escalation of the US-China trade war continues to weigh on safe-haven assets like gold,
undermining demand for the yellow metal.
➢ The 90-day trade truce eases US recession fears and reduces expectations of aggressive Fed
rate cuts, supporting higher US Treasury yields.
➢ Rising bond yields divert flows from gold, adding to bearish pressure on non-yielding assets.
➢ Despite positive fundamentals, the US Dollar struggles to sustain its rebound, failing to offer
support to gold prices.
➢ A weaker tone in global equities does little to attract safe-haven buying in gold, indicating
fragile investor interest.
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